Credit Card

BMW brands offer new rewards-earning Mastercard credit cards

BMW and MINI brands now offer a Mastercard credit card, which gives users a variety of rewards.

Photo courtesy of BMW

Three BMW brands now face a variety of Mastercard credit car offerings from U.S. Bank. The portfolio includes four cards featuring the BMW, MINI, and BMW Moterrad brands.

"Our new credit card offerings are designed to deliver the performance expected from our premium brands. Our customers will experience greater functionality and improved benefits, engaging them and providing a platform for improved loyalty" said Ian Smith, CEO, BMW Group Financial Services NA. "This new card program brings a world-class experience and value that rewards the relationship we have with our customers, and we know our dealerships and customers are going to love it."

The available cards include: BMW World Mastercard, BMW Precision World Elite Mastercard, MINI World Mastercard, and BMW Motorrad World Mastercard. All allow users to earn rewards that can be used for vehicle payments, travel, or cash back. Additionally, the cards offer a fully digital process for interaction, including application.

While at a BMW or MINI dealership, applicants can receive access to a digital application for the card - something they can do while they're at the dealer. According to BMW Group Financial Services, "the credit decision is nearly instantaneous, and if approved, customers will have immediate access to the credit card to use that day in the dealership for accessories, service, purchase of an extended warranty or insurance products, or to cover fees at lease end."

Cardholders will receive:

  • Up to 5x rewards for purchases at BMW, MINI or BMW Motorrad
  • Accelerated rewards on gas and restaurants;
  • $70 annual dealership credit on the BMW Precision World Elite Mastercard;
  • Contactless payment capabilities that require no swiping or dipping, in addition to an EMV chip and magnetic stripe for maximum convenience;
  • One-click mobile application process with an instant credit decision for immediate use;
  • Ability to use the card to purchase branded merchandise and accessories, parts and service;
  • BMW, MINI and BMW Motorrad Credit Card mobile apps to redeem rewards and manage their account from anywhere.

"BMW, MINI and BMW Motorrad are iconic brands that epitomize performance and quality and a rewarding experience for owners," said Steve Mattics executive vice president of Retail Payment Solutions at U.S. Bank. "These new credit cards were designed to provide world class experiences for cardholders; starting with the streamlined digital application, continuing through to the accelerated rewards on gas and restaurant spend, as well as purchases at the dealership, and complemented by contactless payment capabilities. We are confident these will quickly become go-to cards for owners."

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BMW sends its V12 engine off in style

BMW will build its final V12 engine this June.

BMW

Most automakers are focused on building EVs and extracting the best fuel economy from gas engines possible, so it’s not surprising to hear that BMW is pulling the plug on one of its biggest and most iconic engines. In June 2022, BMW will build its very last V12 engine for use in a super-limited-production special edition 7 Series model. The ultra-rare cars will carry a starting price of $200,995.

BMW 760i xDrive The last V12 will power a very special (and very expensive) 7 Series car.BMW

Only twelve lucky customers will have the option to nab a V12-powered BMW, which will be called the M760i xDrive. Displacing 6.6 liters, the twin-turbocharged beast produces a massive 601 horsepower. An eight-speed sport automatic transmission and all-wheel drive are standard. BMW says the powertrain is strong enough to push the hefty 7 Series car to 60 mph from a standstill in just 3.6 seconds.

The final-run cars will feature little more than a special “V12” badge at the rear to differentiate them from standard 7 Series models. Inside, the car features a serialized plaque with the car’s production number out of the 12 units planned. The engine itself features a nameplate with “The Final V12.”

Beyond the badges, BMW’s 12-cylinder last-hurrah will come standard with 20-inch M double-spoke wheels, a choice of any available BMW full Merino leather color, M Sport brakes with black or blue calipers, a panoramic LED roof, remote control parking, a Bowers & Wilkins surround-sound system, and adaptive LED headlights.

BMW 760i xDrive Only 12 of the cars will be built, with a starting price of more than $200,000.BMW

Though it hasn’t been BMW’s most popular engine over the years, the V12 has been a part of the automaker’s catalog for 35 years. The first 12-cylinder engine showed up in 1987, producing 295 horsepower in the original 750iL sedan.

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The iX M60 will hit dealers' lots in June 2022.

BMW

BMW's electric vehicle catalog is growing rapidly as the automaker rolls out new electrified cars and SUVs. The latest is the iX M60, a red-hot five-seat SUV with sleek styling and a spectacular list of standard features. BMW announced the new SUV this week, along with pricing and release date details.

The iX M60 is BMW's first performance-oriented electric SUV, though BMW calls it a sports activity vehicle, or SAV. Its powertrain has been massaged to produce up to 610 horsepower and 811 pound-feet of torque. Maximum power delivery is limited to times when the vehicle's launch control is activated, but even the "normal" numbers are impressive: In regular driving situations, the iX puts down 532 horsepower and 749 pound-feet of torque. Acceleration to 60 mph takes 3.6 seconds and the iX M60 can go on to an electronically-limited top speed of 155 mph.

2023 BMW iX M60 Though extremely sporty, BMW doesn't shy away from using loads of luxurious finishes and materials. BMW

The iX brings more than performance, as its charging capabilities are quite strong. Using AC power, the vehicle can charge from 0-100 percent in 10.25 hours on its fastest setting. Using its fastest DC power setting, the iX can charge from 10 to 80% in just 35 minutes.

Two electric motors power the SUV, which provide standard all-wheel drive. Dual-axle air suspension is standard, along with electronically-controlled shock absorbers. BMW says that the air suspension is controlled individually at each wheel, so the vehicle can adjust ride height in several ways to maintain stability and remain level in corners.

2023 BMW iX M60 The vehicle can run from 0-60 mph in under four seconds and features standard AWD.BMW

When it goes on sale in June, 2022, the 2023 BMW iX M60 will have a starting price of $106,095, which includes a $995 destination charge. That's a flagship price tag, but the SUV's got the performance and a flagship-level list of standard features. That six-figure dollar amount buys 21-inch wheels, heated and ventilated front seats, wireless phone charging, AC fast charging, a panoramic sunroof, LED headlights, a Bowers & Wilkins Diamond Surround Sound System, four-zone automatic climate controls, and more.

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